Paul’s Substack
Paul JacobsonMy personal Substack largely about the Canadian economy.
| Platform |  | Pricing | Only free issues | Publishes | Weekly |
|---|---|---|---|---|---|
| Issues | 109 | Founded | 3 years ago | Last Issue | 3 days ago |
| Active | |||||
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pauljacobson.substack.comLatest Issues
LFS - September 2026
Headline
Recent aggregate declines (2 months worth) might a trend make. The Daily starts with an employment rate trend line that is not positive. Employment growth in the larger provinces appears gone.
Focussing on the trend-cycle compo...
Merchandise Trade through 2026-08
Headline
The relationship between trade and jobs and other real activity measures requires thinking in volume terms (IMHO). A rising nominal balance is good but price and exchange rate complicate any analysis about what is “really” going...
GDP by Industry through 2026-07
Headline
Statcan calls it flat. It might look like the top of the curve
.The public sector has been clearly slowing with the end of the census process. The service-producing sector is also not contributing to aggregate growth.
The busi...
Payroll Employment through 2026-07
Headline
My thesis is always that the national aggregate does not really tell us what is going on. Even sectoral detail hides a lot of critical variation at the regional level. Including hours to adjust for part-time work leaves us with...
CPI through 2026-08
Headline
The aggregate annual change remains flat at 3.0%. Gasoline continues to bounce for obvious reasons with world prices. The price of food purchased from stores declined over the 3 months shown and declined even more on a 6-month b...
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The writers behind this newsletter.
Retired Economist - making his analysis available as a public service.
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